Going Concern Forecast
Test management’s cash-flow forecast the going-concern assessment rests on.
- Ledger + cash-flow forecast for the going-concern assessment
How the result is read
Management’s assessment covers at least twelve months (ISA 570.13 from the date of the financial statements; ISA (UK) 570 and ASC 205-40 from the date they are issued or approved), and a forecast is only as good as its first figure and its assumptions. It must open with the cash the ledger closed the year with. No month may run out of headroom once undrawn facilities are counted. And receipts well above, or payments well below, what the year just audited actually delivered are the assumptions to challenge first.
In the application
Going Concern Forecast is filed under Completion, index letter L. "Run all analyses" runs it with every other analysis the ledger and the documents loaded can answer. The worksheet states the population it tested on its face — or "Not applicable" with the reason when a column it depends on is empty — and the Excel workbook the engagement exports files it under L, beside an index of the source files with their SHA-256 fingerprints.
Read it with
Run your next audit file test without the Excel crash.
One free engagement to evaluate, valid 60 days. The ledger never leaves the machine.
- 20 minutes
- Runs on a fictional engagement
- No client data required